Fundsmith LLP activity

Every position Terry Smith opened, added to, trimmed or closed between 2026 Q1 and 2026 Q2.

2026 Q2 vs 2026 Q1, filed 14 Aug. Sitewide activity

New 13

Add 4

Reduce 21

Exit 6

44 shown

Ticker	Action	Δ weight	Detail	Period
UBER	New	0% to 4.7%	$645M	Q1→Q2
MA	New	0% to 4.7%	$639M	Q1→Q2
TSM	New	0% to 4.0%	$548M	Q1→Q2
NFLX	New	0% to 3.7%	$499M	Q1→Q2
GEV	New	0% to 3.5%	$481M	Q1→Q2
APP	New	0% to 2.6%	$359M	Q1→Q2
TJX	New	0% to 2.5%	$344M	Q1→Q2
NXT	New	0% to 2.5%	$340M	Q1→Q2
VEEV	New	0% to 1.1%	$145M	Q1→Q2
YUM	New	0% to 0.65%	$89M	Q1→Q2
FICO	New	0% to 0.16%	$21M	Q1→Q2
IDCC	New	0% to 0.13%	$17M	Q1→Q2
ORLY	New	0% to 0.11%	$15M	Q1→Q2
MTD	Exit	5.6% to 0%	$717M	Q1→Q2
ZTS	Exit	3.6% to 0%	$458M	Q1→Q2
OTIS	Exit	1.6% to 0%	$211M	Q1→Q2
Catalyst Pharmaceutic…	Exit	0.16% to 0%	$21M	Q1→Q2
QLYS	Exit	0.15% to 0%	$20M	Q1→Q2
HD	Exit	0.07% to 0%	$9.4M	Q1→Q2
MANH	Add	0.13% to 0.18%	+43.1% sh	Q1→Q2
NSSC	Add	0.12% to 0.17%	+58.2% sh	Q1→Q2
BMI	Add	0.17% to 0.19%	+22.6% sh	Q1→Q2
CLX	Add	0.21% to 0.19%	+5.5% sh	Q1→Q2
PM	Reduce	6.6% to 3.9%	−43.0% sh	Q1→Q2
IDXX	Reduce	6.4% to 3.9%	−30.4% sh	Q1→Q2
V	Reduce	7.3% to 5.1%	−34.9% sh	Q1→Q2
GOOGL	Reduce	6.6% to 4.6%	−40.0% sh	Q1→Q2
ADP	Reduce	6.1% to 4.3%	−32.5% sh	Q1→Q2
MSFT	Reduce	6.0% to 4.4%	−23.2% sh	Q1→Q2
MAR	Reduce	8.6% to 7.0%	−23.3% sh	Q1→Q2
META	Reduce	5.9% to 4.3%	−20.4% sh	Q1→Q2
WAT	Reduce	7.5% to 6.3%	−29.2% sh	Q1→Q2
SYK	Reduce	7.8% to 6.7%	−4.8% sh	Q1→Q2
PG	Reduce	4.7% to 4.4%	−2.9% sh	Q1→Q2
CHD	Reduce	4.8% to 4.6%	−2.8% sh	Q1→Q2
FTNT	Reduce	3.9% to 4.1%	−41.0% sh	Q1→Q2
PAYC	Reduce	0.21% to 0.09%	−54.1% sh	Q1→Q2
VRSN	Reduce	0.22% to 0.10%	−50.9% sh	Q1→Q2
VRT	Reduce	0.18% to 0.10%	−54.1% sh	Q1→Q2
MSCI	Reduce	0.27% to 0.22%	−17.3% sh	Q1→Q2
TXN	Reduce	4.0% to 3.9%	−31.4% sh	Q1→Q2
DOCS	Reduce	0.13% to 0.10%	−5.6% sh	Q1→Q2
MEDP	Reduce	0.23% to 0.20%	−16.4% sh	Q1→Q2
NTNX	Reduce	0.17% to 0.20%	−6.8% sh	Q1→Q2